Housing Prices, Mortgage Rates Affecting Va.'s Housing - 2006-01-11
A government report indicates that record housing prices and more expensive mortgage rates are beginning to affect Virginia's real estate market. Home prices jumped 18.66 percent for the 12 months ended September 30th.
However, a government agency warns that only 37 percent of Virginia households can afford to purchase a median-priced home of just under $280,000 ($279,942) with conventional financing.
Read the full story at WJLA

Cash there for elderly homeowners - 2006-01-11
Senior homeowners can now tap into a bigger portion of the equity in their homes with a reverse mortgage because of new, higher federal loan limits, the National Reverse Mortgage Lenders Association revealed. If you are 62 or older and are in situation where you need cash, this is a product that is worth looking into if you have a lot of equity on the home.
Read the full story at Northwest Herald